| SOXL latest price $36.9400 (1.12%) ($36.2450 - $37.7500) on Tue. May. 25, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 13.88% (three month average) |
RSI | 55 |
Latest Price | $36.9400(1.12%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 4% a day on average for past five trading days. |
Weekly Trend | SOXL advances 1.9% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(93%) QQQ(88%) IWF(87%) IVW(86%) SPY(83%) |
Factors Impacting SOXL price | SOXL will decline at least -6.94% in a week (0% probabilities). VIXM(-43%) UUP(-25%) VXX(-14%) TBT(-2%) TLT(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -6.94% (StdDev 13.88%) |
Hourly BBV | 0.6 () |
Intraday Trend | -1% |
| |
|
|